Archive for August, 2011
Buffett talks fear, finances, and forging ahead
Posted by: | CommentsAre you scared to make a financial move right now? Are you getting seasick watching the market move? What’s The Oracle of Omaha investing in now?
Are you scared to make a financial move right now? Are you getting seasick watching the market move? What’s The Oracle of Omaha investing in now?
If past history was all there was to the game, the richest people would be librarians.
In the business world, the rear view mirror is always clearer than the windshield.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
Our favorite holding period is forever.
Price is what you pay. Value is what you get.
Risk comes from not knowing what you’re doing.
We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.
Wide diversification is only required when investors do not understand what they are doing.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.